TD Bank Mortgage Calculator
Estimate your TD mortgage payments
To estimate your TD Canada Trust mortgage payments, you’ll need to collect the following:
- The purchase price of your property or your renewal amount
- Your down payment amount (if purchasing a new home)
- Your desired amortization period
- Your mortgage rate
Enter the amounts into the mortgage payment calculator to generate your estimated mortgage payment.
About TD’s Mortgage Rates
TD helps you find a mortgage whether you are a first-time homebuyer, or looking to renew/refinance an existing mortgage. TD looks to get the right terms for you through its Ready-For-Anything mortgage, which provides flexible mortgage features. If you’re looking to switch to TD, you can switch most conventional mortgages and refinance your collateral mortgage.
TD also offers the Home Equity FlexLine, which provides you a revolving line of credit. You can divide up your mortgage into two portions: One portion will have a fixed closed term while the other will be based on a variable rate. The variable portion is based on TD’s prime rate. TD also offers collateral mortgages in which you may select to have your collateral charge registered for more than the amount you’re currently looking to borrow. This provides you with flexibility to borrow more in the future but also makes switching your mortgage to another provider difficult. In order to switch your collateral mortgage, you’ll have to refinance causing you to incur additional fees.
How to get lower payments
Even if you do most of your banking with TD, you might still be able to get a better mortgage rate by shopping around. Compare rates from other banks and mortgage brokers to find the best option that’ill save you money on your monthly mortgage payments.
Once you have found your ideal mortgage provider and mortgage rate, you can still reduce the size of your mortgage payment. You may want to look into increasing the size of your down payment or the amortization period of your mortgage. Either of these decisions will lead to a lower mortgage payment.